We're sure that you all want to read the latest news on the new LaFerrari, but today we bring you a little reminder of what a great car the Ferrari 288 GTO was. Though the steed is more than two decades old, it is still amazing to see what it is capable of.

The 288 GTO was powered by a 2.8-liter, V-8 engine -- gotta love those old-school small-displacement V-8s -- equipped with a pair of IHI turbochargers and Weber-Mareli fuel injection. With thee advancements, the powerplant puts out a total of 395 horsepower at 7,000 rpm and 366 pound-feet of torque at 3,800 rpm. This power helps the car sprint to 60 mph in a wild 4.8 seconds and up to a top speed of 190 mph.

Currently, you can snag up a 288 GTO at auction for around $1 million. That's quite a pricey vehicle to do this type of rump wagging with...

Check out the video to see the Ferrari 288 GTO doing some epic drifts and awesome donuts! Enjoy!

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